The Koruna of Czech is experiencing great prospects and it recorded gain against the Euro, USD and GBP in the last 7 months more than 20%. There are many factors but generally all eastern European currencies getting stronger (Investors remain worried about the state of the US economy and looking for alternative markets). It is definitely great news for Czechs; when compare to the situation 5 year ago when they have to pay more than double price for buying GBP.  It is not so great news for Czech exporters and foreign tourist visiting Prague.  Prague slowly changing its name of “cheap” eastern European destination as have been knows between foreigners for some time to the decent priced capital.

As any visitor to the city will know, tourism is an absolutely huge industry in the Czech capital Prague. Millions of people from all around the world visit the city every year - almost three and a half million in 2004, according to official figures just released by Czech Tourism. Prague was the sixth most visited city in Europe last year, with the greatest number of tourists coming from the United Kingdom.

Prague continues to be one of the most popular cities in Europe, coming behind only London, Paris, Rome, Madrid and Berlin in terms of the number of foreign visitors last year. And what's more that number is increasing, says Czech Tourism in a new report.

But there has been an obvious change in where those tourists are coming from: after many years in which the greatest number of visitors came from Germany, in 2004 they were overtaken by the British, almost 600,000 of whom visited the "city of a thousand spires". This change has been attributed to the wide availability of cheap flights to Prague from many British cities.